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Stock-Based Compensation (Tables)
9 Months Ended
Aug. 28, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Restricted Stock Unit Activity
Restricted stock unit activity for the nine months ended August 28, 2015 and the fiscal year ended November 28, 2014 was as follows (in thousands):
 
2015
 
2014
Beginning outstanding balance
13,564

 
17,948

Awarded
3,670

 
4,413

Released
(6,242
)
 
(7,502
)
Forfeited
(704
)
 
(1,295
)
Ending outstanding balance
10,288

 
13,564

Restricted Stock Units Outstanding
Information regarding restricted stock units outstanding at August 28, 2015 and August 29, 2014 is summarized below:
 
Number of
Shares
(thousands)
 
Weighted
Average
Remaining
Contractual
Life
(years)
 
Aggregate
Intrinsic
Value(*)
(millions)
2015
 
 
 
 
 
Restricted stock units outstanding
10,288

 
1.10
 
$
816.9

Restricted stock units vested and expected to vest
9,320

 
1.03
 
$
730.3

2014
 

 
 
 
 

Restricted stock units outstanding
13,845

 
1.12
 
$
995.5

Restricted stock units vested and expected to vest
12,367

 
1.05
 
$
882.4


_________________________________________ 
(*) 
The intrinsic value is calculated as the market value as of the end of the fiscal period. As reported by the NASDAQ Global Select Market, the market values as of August 28, 2015 and August 29, 2014 were $79.40 and $71.90, respectively. 
Performance Share Activity 2013, 2014 & 2015 Programs
The following table sets forth the summary of performance share activity under our 2015, 2014, and 2013 Performance Share Programs for the nine months ended August 28, 2015 and the fiscal year ended November 28, 2014 (in thousands): 
 
2015
 
2014
 
Shares
Granted
 
Maximum
Shares Eligible
to Receive
 
Shares
Granted
 
Maximum
Shares Eligible
to Receive
Beginning outstanding balance
1,517

 
3,034

 
854

 
1,707

Awarded
671

 
1,342

 
709

 
1,417

Forfeited
(101
)
 
(201
)
 
(46
)
 
(90
)
Ending outstanding balance
2,087

 
4,175

 
1,517

 
3,034

Performance Share Activity 2010, 2011 & 2012 Programs
The following table sets forth the summary of performance share activity under our performance share programs prior to fiscal 2013, based upon share awards actually achieved, for the nine months ended August 28, 2015 and the fiscal year ended November 28, 2014 (in thousands):
 
2015
 
2014
Beginning outstanding balance
354

 
861

Released
(354
)
 
(486
)
Forfeited

 
(21
)
Ending outstanding balance

 
354

Performance Shares Outstanding
Information regarding performance shares outstanding at August 29, 2014 is summarized below: 
 
Number of
Shares
(thousands)
 
Weighted
Average
Remaining
Contractual
Life
(years)
 
Aggregate
Intrinsic
Value(*)
(millions)
2014
 
 
 
 
 
Performance shares outstanding
354

 
0.41
 
$
25.4

Performance shares vested and expected to vest
339

 
0.41
 
$
24.2

_________________________________________ 
(*) 
The intrinsic value is calculated as the market value as of the end of the fiscal period. As reported by the NASDAQ Global Select Market, the market value as of August 29, 2014 was $71.90
Stock Options Activity
ption activity for the nine months ended August 28, 2015 and the fiscal year ended November 28, 2014 was as follows (in thousands):
 
2015
 
2014
Beginning outstanding balance
3,173

 
7,359

Exercised
(1,557
)
 
(4,055
)
Cancelled
(32
)
 
(153
)
Increase due to acquisition
88

 
22

Ending outstanding balance
1,672

 
3,173


Stock Options Outstanding
Information regarding stock options outstanding at August 28, 2015 and August 29, 2014 is summarized below:
 
Number of
Shares
(thousands)
 
Weighted
Average
Exercise
Price
 
Weighted
Average
Remaining
Contractual
Life
(years)
 
Aggregate
Intrinsic
Value(*)
(millions)
2015
 
 
 
 
 
 
 
Options outstanding
1,672

 
$
28.14

 
2.72
 
$
85.7

Options vested and expected to vest
1,659

 
$
28.26

 
2.70
 
$
84.9

Options exercisable
1,539

 
$
29.64

 
2.44
 
$
76.6

2014
 

 
 

 
 
 
 

Options outstanding
3,640

 
$
28.98

 
3.33
 
$
156.2

Options vested and expected to vest
3,610

 
$
29.08

 
3.31
 
$
154.5

Options exercisable
3,056

 
$
30.26

 
2.99
 
$
127.3

_________________________________________ 
(*) 
The intrinsic value is calculated as the difference between the market value as of the end of the fiscal period and the exercise price of the shares. As reported by the NASDAQ Global Select Market, the market values as of August 28, 2015 and August 29, 2014 were $79.40 and $71.90, respectively
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions
The expected life of the ESPP shares is the average of the remaining purchase periods under each offering period. The assumptions used to value employee stock purchase rights during the nine months ended August 28, 2015 and August 29, 2014 were as follows:
 
Three Months
 
Nine Months
 
2015
 
2014
 
2015
 
2014
Expected life (in years)
0.5 - 2.0
 
0.5 - 2.0
 
0.5 - 2.0
 
0.5 - 2.0
Volatility
 26 - 27%
 
 26 - 27%
 
 26 - 30%
 
 26 - 28%
Risk free interest rate
 0.11 - 0.64%
 
 0.06 - 0.47%
 
 0.11 - 0.67%
 
 0.06 - 0.47%
 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Total stock-based compensation costs included in our Condensed Consolidated Statements of Income for the three months ended August 28, 2015 and August 29, 2014 were as follows (in thousands):
 
 
2015
 
2014
Income Statement Classifications
 
Option
Grants
and Stock
Purchase
Rights
 
Restricted
Stock and
Performance
Share
Awards
 
Option
Grants
and Stock
Purchase
Rights
 
Restricted
Stock and
Performance
Share
Awards 
Cost of revenue—subscription
$
258

 
$
1,637

 
$
458

 
$
1,451

Cost of revenue—services and support
1,277

 
1,425

 
1,064

 
1,666

Research and development
3,468

 
26,378

 
4,151

 
26,100

Sales and marketing
4,540

 
29,146

 
4,492

 
25,447

General and administrative
1,056

 
16,792

 
1,682

 
16,502

Total
$
10,599

 
$
75,378

 
$
11,847

 
$
71,166

Total stock-based compensation costs included in our Condensed Consolidated Statements of Income for the nine months ended August 28, 2015 and August 29, 2014 were as follows (in thousands):
 
 
2015
 
2014
Income Statement Classifications
 
Option
Grants
and Stock
Purchase
Rights
 
Restricted
Stock and
Performance
Share
Awards
 
Option
Grants
and Stock
Purchase
Rights
 
Restricted
Stock and
Performance
Share
Awards 
Cost of revenue—subscription
$
1,070

 
$
4,946

 
$
1,424

 
$
4,261

Cost of revenue—services and support
3,897

 
4,711

 
2,759

 
4,886

Research and development
11,162

 
78,375

 
12,397

 
78,567

Sales and marketing
13,768

 
84,686

 
13,571

 
76,541

General and administrative
3,652

 
50,744

 
4,962

 
49,443

Total
$
33,549

 
$
223,462

 
$
35,113

 
$
213,698